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Dec 27, 2012
12/12
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KTVU
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. >>> on capitol hill the debate over the fiscal cliff continues to strike a partisan tone with only days left before the deadline. on the senate floor today harry reid blasted john john boehner, accusing him of inaction, he called on him to round up his colleagues so a deal can be reached. >> john boehner seemed to care more about keeping his speaker s hip than keeping the nation on firm footing. >> a speaker for him said he should legitimate more and talk less about that. major tax cuts will hit by then, the president cut short his vacation in hawaii to resume negotiations. >>> a new survey shows u.s. consumer confidence tumbled as the fiscal cliff nears, the consumer confidence index fell to 65 in december, the lowest level since august, last month it was at 71.5. economists say the decline is due to fears of sharp tax increases and government spending cuts set to take effect next week. barkley is considering a plan to change the face of downtown with the first high rise in that city in 40 years, a los angeles real estate group today submitted and application for the plan which ca
. >>> on capitol hill the debate over the fiscal cliff continues to strike a partisan tone with only days left before the deadline. on the senate floor today harry reid blasted john john boehner, accusing him of inaction, he called on him to round up his colleagues so a deal can be reached. >> john boehner seemed to care more about keeping his speaker s hip than keeping the nation on firm footing. >> a speaker for him said he should legitimate more and talk less about that....
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Dec 5, 2012
12/12
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KTVU
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avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of americans support asking millionaires to pay slightly more. many republicans feel the same way. the only ones who feel differently are the ones who work in this building. we can't let these negotiations be dictated by the tea party." "we've wasted an enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. traders are keying off market moves for clues about the economy. scott bauer of trading advantage joins us now. scott, what is the gold market telling traders about the prosepe
avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of...
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Dec 26, 2012
12/12
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KTVU
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>>>dow down, weakness on the retail sector and worries over the fiscal cliff keeping low. s and p and nasdaq also in the red. >>> today's price report shows average home prices up more than 4% in the 20 largest markets, prices here in the san francisco bay area are up even more. prices jumped 8.9% in october compared to the same time the year before. they increased .7% froms. that bucked the national trend where values dipped compared to september. >>> today on the news at five the latest on that body found in santa rosa, also the weather remaining an issue for parts of the bay area though the storms have moved out. and a look at the trouble spots and in the sierra where a storm warning is in effect for the rest of the day and there are concerns up there about some avalanches. thank you for trusting us. we will see you the next time news breaks, also always here at ktvu.com and mobile ktvu. have a great afternoon everybody. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing
>>>dow down, weakness on the retail sector and worries over the fiscal cliff keeping low. s and p and nasdaq also in the red. >>> today's price report shows average home prices up more than 4% in the 20 largest markets, prices here in the san francisco bay area are up even more. prices jumped 8.9% in october compared to the same time the year before. they increased .7% froms. that bucked the national trend where values dipped compared to september. >>> today on the...
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Dec 18, 2012
12/12
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KOFY
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. >>> is there a light at the end fiscal cliff tunnel? [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose from speeds up to 24 megs. [ female announcer ] and with u-verse tv you can record four shows at once on your total home dvr and play them back in any room. [ male announcer ] so call now. u-verse triple-play bundles start at $89 a month. now get the same great price for two years. [ female announcer
. >>> is there a light at the end fiscal cliff tunnel? [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv,...
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Dec 24, 2012
12/12
by
KTVU
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worries over the fiscal cliff showed nasdaq lost 8. the market will reopen. >>> it indicates the social media giant funneled money into a sister company and the move is known as a double irish move to use the money for subsidiaries to pay lower taxes. >>> more than 92,000 people rolled the ferry to at&t park this past championship season. this is the first time they have had 92,000 or more. back in 2009 only 60,000 people rode the giant's ferry. >>> muni is getting some help for some hackathons. they are focusing their skills to help with scheduling programs. one of the most promising features shows the realtime location of buses and maps and now it is being tried out at the station. and gas prices are at its lowest with the average for regular at $3.25 per gallon. and it is more than a dime cheaper in san jose and almost down a dollar 20 from last year. >>> many bought a ticket worth $23 million. the ticket had all five numbers and was sold at sunshine center at pharmacy in south san francisco. that store will receive $115,000 for sel
worries over the fiscal cliff showed nasdaq lost 8. the market will reopen. >>> it indicates the social media giant funneled money into a sister company and the move is known as a double irish move to use the money for subsidiaries to pay lower taxes. >>> more than 92,000 people rolled the ferry to at&t park this past championship season. this is the first time they have had 92,000 or more. back in 2009 only 60,000 people rode the giant's ferry. >>> muni is...
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Dec 17, 2012
12/12
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KTVU
tv
eye 146
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no, not the fiscal cliff - sales tax on purchases made over the internet. it's already being collected in a half-dozen states with more about to be added next year. this month, massachusetts became the latest state to reach a deal with online giant amazon to collect sales tax from online purchases by shoppers in massachusetts. brick and morter retailers call it a victory. "all brick-and-morter stores want a level playing field, and if their customers have to pay sales tax, they want their online colleagues to do the same." for years, states have treated internet sales similar to mail- order catalogues - no sales tax collected. but commerce department numbers show online sales soaring, leading the national conference of state legislatures to estimate states such as california could gain $4.16 billion, texas and new york nearly $1.8 billion each - nationwide, an estimated $23 billion dollars in state tax revenue. "all states face budget situations where they need to look under every rock to resolve it." "the states see this 'get-out- of-jail-free' card and th
no, not the fiscal cliff - sales tax on purchases made over the internet. it's already being collected in a half-dozen states with more about to be added next year. this month, massachusetts became the latest state to reach a deal with online giant amazon to collect sales tax from online purchases by shoppers in massachusetts. brick and morter retailers call it a victory. "all brick-and-morter stores want a level playing field, and if their customers have to pay sales tax, they want their...
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Dec 19, 2012
12/12
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KTVU
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the newtown massacre a topic and the deadline for the fiscal cliff. first, on the shooting, describing it as complex and difficult process. the president trying to "reduced the epidemic of gun violence in america." imagine access to health care several times and access of our culture that contributes to the culture of violence. steve is back at the white house with me first on the shooting scene, what will vice president biden's do now with the january deadline? >> he has already gathered information and will gather ideas from relevant cabinet secretaries. health and human services secretary, education secretary, attorney general, to get their ideas on what can be done across a broad range of issues and ideas, not just and control, and as you heard the president mentioned, on mental health care, security, violent video games, what can be done reasonably and what can be done legally. it's going to be a very sticky process going forward as they figure all this out. but that is joe biden's job. he has always been a gun-control advocate. if it comes down
the newtown massacre a topic and the deadline for the fiscal cliff. first, on the shooting, describing it as complex and difficult process. the president trying to "reduced the epidemic of gun violence in america." imagine access to health care several times and access of our culture that contributes to the culture of violence. steve is back at the white house with me first on the shooting scene, what will vice president biden's do now with the january deadline? >> he has...
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Dec 21, 2012
12/12
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KGO
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that so-called plan "b," to avoid the fiscal cliff has failed. and president obama is delaying his vacation to hawaii because of the ongoing stalemate. nick ratner has the latest from capitol hill. >> reporter: in a stunning surprise, splits within house republican ranks forced speaker john boehner to cancel a planned vote on his tax cut bill. >> the house will call of the chair. >> reporter: in a statement, speaker boehner said his plan "b" tax bill did not have sufficient support to pass. the speaker said, it's now up to the president to avert the fiscal cliff. boehner, earlier, had said he hoped to revive stalled white house negotiations. >> the president and i are going to have to work together to solve those challenges. >> reporter: many house republicans told party leaders they would not support a bill that violated their no tax hike pledge to raise tax rate, even on millionaires. senators have been told to plan on being back in washington two days after christmas, in an effort to keep the country from going off the fiscal cliff. nick ratne
that so-called plan "b," to avoid the fiscal cliff has failed. and president obama is delaying his vacation to hawaii because of the ongoing stalemate. nick ratner has the latest from capitol hill. >> reporter: in a stunning surprise, splits within house republican ranks forced speaker john boehner to cancel a planned vote on his tax cut bill. >> the house will call of the chair. >> reporter: in a statement, speaker boehner said his plan "b" tax bill did...
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Nov 30, 2012
11/12
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KNTV
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coming up at 11:00, president obama briefs the nation on the ongoing fiscal cliff negotiations. we will hear from the commander in chief. >>> we will let you know why the picture of the new york city police officer and the homeless man has gone viral on the worldwide web. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. it's the fastest internet for the price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gateway turns your home into a private wi-fi hot spot that connects your wi-fi devices and can even save on your smart phone data usage at home. so call now to get at&t u-verse high speed internet for just $14.95 a month for 12 months with a one-year price guarantee. that includes access on
coming up at 11:00, president obama briefs the nation on the ongoing fiscal cliff negotiations. we will hear from the commander in chief. >>> we will let you know why the picture of the new york city police officer and the homeless man has gone viral on the worldwide web. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options,...
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Nov 16, 2012
11/12
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KOFY
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cliff and risk of a new recession. taxes on all americans are set to go up if they can't reach a deal. republicans want to reduce the deficit by closing tax loopholes >> kristen: mike nicco is talking about the rain. how much more. >> it's been pretty light so far. it's going to be more of a nuisance for your weekend plans. darker clouds moving through the north bay, emeryville, we have a whole lot more rain. we'll give you a timetable so you can adjust your your plans this weekend. >> is this is the last twinkie production? hostess says they are with my friends, we'll do almost anything. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. a lot of things going on in my life
cliff and risk of a new recession. taxes on all americans are set to go up if they can't reach a deal. republicans want to reduce the deficit by closing tax loopholes >> kristen: mike nicco is talking about the rain. how much more. >> it's been pretty light so far. it's going to be more of a nuisance for your weekend plans. darker clouds moving through the north bay, emeryville, we have a whole lot more rain. we'll give you a timetable so you can adjust your your plans this weekend....
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Dec 31, 2012
12/12
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KGO
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. >>> going over the fiscal cliff could be hours away. the countdown to the new year could bring economic gloom if congress doesn't get a compromised bill to the president before midnight toe without a deal tanks are set to go up for -- midnight tonight. without a deal taxes are set to go up for everybody. >> reporter: they will meet again i the tension is growing here in washington after the weekend talks failed to lead to a deal, if there is no breakthrough today, the country will go over the cliff. talks continue, this morning still no deal. >> further announcements perhaps at 11:00 in the morning, i hope so. >> reporter: republicans and democrats negotiated all weekend with the hope of passing legislation that would protect most from a massive tax hike set to kick in tonight midnight. >> the president: our top priority has to be to make sure that taxes on middle class families do not go up. >> reporter: there was optimism about a deal over the weekend when the republican leader in the senate, mcconnell made offer that ended when major
. >>> going over the fiscal cliff could be hours away. the countdown to the new year could bring economic gloom if congress doesn't get a compromised bill to the president before midnight toe without a deal tanks are set to go up for -- midnight tonight. without a deal taxes are set to go up for everybody. >> reporter: they will meet again i the tension is growing here in washington after the weekend talks failed to lead to a deal, if there is no breakthrough today, the country...
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Dec 23, 2012
12/12
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KGO
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cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking off. >> let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. what are the odds they can come up with a deal especially republicans can't agree. >> those talks completely collapsed this week and ended once and for all when john boehner couldn't even pass his backup plan in the house on thursday. the only possibility right now would be some kind of a very small -- some measure that would just extend the tax cuts for everyone earning under $250,000. it should be a lot of protection for a lot of people but even that will be difficult. you get it only if there's a promise not to filibuster that in the senate and the house speaker agrees to take it up. both of those questions are very open right now. >> a lot of open questions and high establishes for a lot of people. let me ask you about another big issue in washington right now. in this toxic environment any chance that the president can make
cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking off. >> let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. what are the odds they can come up with a deal especially republicans can't agree. >> those talks completely collapsed this week and ended once and for all when john boehner couldn't even pass his backup plan in the house on thursday. the only possibility right now would be some kind of a...
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Dec 26, 2012
12/12
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KOFY
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. >>> president obama is cutting short his holiday to resume fiscal cliff negotiations. the white house says the president will leave hawaii tonight on a red-eye to washington. lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some spots blue skies, some parts grey clouds. >> interesting the colors you will see out there rainbow colors out there and we've had some in the south baylor, i'll show you one from mountain view, san jose we just had moderate rain roll through downtown, darker clouds off to the west there and that's what is going to head up into the santa cruz mountains shortly. one other advantage point, at least this side of san francisco, we are on the
. >>> president obama is cutting short his holiday to resume fiscal cliff negotiations. the white house says the president will leave hawaii tonight on a red-eye to washington. lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than...
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Nov 27, 2012
11/12
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KRON
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stocks closed lower as investors are worried about the looming fiscal cliff. business groups and lawmakers are still bickering. the dow jones lost 43 points to close at below 13,000. the s&p fell three points and the nasdaq only came only a few points. >> is beginning to look a lot like christmas with the white house. with the capitol christmas tree and washington d.c.. the 65 ft. sprues came from the white river national forest in colorado. they spent this morning installing it with a approximately 5000 ornaments. and it will be led by john boehner next month. >> coming up in sports the san jose basketball takes on the no. 10 team in the country. and smith, kaepernick, kaepernick course met the 49ers continues. what are bought and of course gary, next. music's, ready ! share the harmony... she'll be here soon ! she'll love this ! share a sweeter welcome... hey, hola, cómo estás ? hello, hey everyone. es un pla-cer co-no-cer-te. encantada. share everything. this holiday get verizon's share everything plan. unlimited talk, text and shareable data... ... acros
stocks closed lower as investors are worried about the looming fiscal cliff. business groups and lawmakers are still bickering. the dow jones lost 43 points to close at below 13,000. the s&p fell three points and the nasdaq only came only a few points. >> is beginning to look a lot like christmas with the white house. with the capitol christmas tree and washington d.c.. the 65 ft. sprues came from the white river national forest in colorado. they spent this morning installing it with...
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Dec 21, 2012
12/12
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KGO
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nhl heading right over their own fiscal cliff. on this day 96 of the nhl lock out. league has cancelled games through january the 14th. if new collective bargaining agreement not reached some time in january, the knit wit that run the league will preside over the second lost season due to labor dispute since 2004. brighter side warriors head coach jackson at pier 30. san francisco firefighters annual holiday toy drive this afternoon. this is massive effort. more than 200,000 toys gatheror some 40 for some 40,00y kids and it is a terrific cause. >> this is what it's all about. it's about impacting livts and making a difference. i'm absolutely honored and humble to be part of this process. give these firefighters a lot of credit for what they have done. >> 100 to 200 toys to be delivered today alone we are so thankful san francisco come out and help us. this is time of the year when we really need all the help we can get for san francisco kids. >>reporter: absolutely great to sea the coach out there. 7 sports brought to you by river rock casino. by the way do you know
nhl heading right over their own fiscal cliff. on this day 96 of the nhl lock out. league has cancelled games through january the 14th. if new collective bargaining agreement not reached some time in january, the knit wit that run the league will preside over the second lost season due to labor dispute since 2004. brighter side warriors head coach jackson at pier 30. san francisco firefighters annual holiday toy drive this afternoon. this is massive effort. more than 200,000 toys gatheror some...
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Oct 6, 2012
10/12
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KNTV
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a lot about the fiscal cliff and an excuse for everything to missed sales to not take chances. we are going to have to analyze on a case-by-case basis on who means that the business could get hurt by the fiscal cliff. and second, we'll get a surprising tail wind. no one is talking about this. the dollar hasascending. most make forecast on where the dollar was last when they reported. given that a weak dollar leads to higher earnings as companies that do overseas sell their goods in stronger currencies, there will be more profit than you thought. the f corp was on. they pegged everything on 122 euro, and now it's 129, 130. the market is surprisingly stupid about these things. and amidst all the gloom, we could see earnings that beat expectations, because they were set using a different exchange rate. wow. that might have been the dollar. no, they will say it's a good quarter. it will be set off by two quintessential american companies that are having things dictated in part by china first, alcoa, the old aluminum corporation of america and on tuesday afternoon, and i think that
a lot about the fiscal cliff and an excuse for everything to missed sales to not take chances. we are going to have to analyze on a case-by-case basis on who means that the business could get hurt by the fiscal cliff. and second, we'll get a surprising tail wind. no one is talking about this. the dollar hasascending. most make forecast on where the dollar was last when they reported. given that a weak dollar leads to higher earnings as companies that do overseas sell their goods in stronger...
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Dec 31, 2012
12/12
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KTVU
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over the fiscal cliff. what will happen? and how will it affect you? ♪ >> we'll be working hard to try to see if we can get there in the next 24 hours and so, i'm hopeful and optimistic. >> whatever we come up with will be imperfect and some people will not like it and some people will like it less but that is where we are. >> chris: the two senate leaders, mitch mcconnell and harry reid on the last-ditch effort to put together a deal to avoid the fiscal cliff and it is time now for our sunday group, bill kristol of the weekly standard, former democratic senator evan byah and byron york from the washington examiner and kirsten powers of the daily beast web site. you heard mitch mcconnell say he's hopeful and optimistic. will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payro
over the fiscal cliff. what will happen? and how will it affect you? ♪ >> we'll be working hard to try to see if we can get there in the next 24 hours and so, i'm hopeful and optimistic. >> whatever we come up with will be imperfect and some people will not like it and some people will like it less but that is where we are. >> chris: the two senate leaders, mitch mcconnell and harry reid on the last-ditch effort to put together a deal to avoid the fiscal cliff and it is time...
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Dec 30, 2012
12/12
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KGO
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eye 254
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still to come, falling off the fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients
still to come, falling off the fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement...
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Jul 18, 2012
07/12
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KNTV
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eye 150
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that's when we're not trading off the fiscal cliff. watch this european fiasco unfold is like betting on a game and you don't even know the rules. yet so many always seem to know the outcome ahead of you. and the stocks people can't get enough, they aren't the ones i talked about. everyone seems to own research in motion down 53%, zynga, minus 51%, or facebook, already down 21% from where they were a month ago. no wonder everybody is so angry, right? people seem to buy when it's up, sell when it's down. every so often i find myself under attack for being mr. stock market. i try to find the bull market no one seems to care about. i come out here to talk about how this business works to help you. what else is my m.o. here? frankly, the at&ts, the gaps and the walmarts, i do tire of depending the asset class. yet i admit at times i don't like talking about stocks anymore. because these days it's only done in the context of the politics without hope and crime without punishment. and vitriolic, unbridled, ad hominem attacks against me. but
that's when we're not trading off the fiscal cliff. watch this european fiasco unfold is like betting on a game and you don't even know the rules. yet so many always seem to know the outcome ahead of you. and the stocks people can't get enough, they aren't the ones i talked about. everyone seems to own research in motion down 53%, zynga, minus 51%, or facebook, already down 21% from where they were a month ago. no wonder everybody is so angry, right? people seem to buy when it's up, sell when...
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Oct 16, 2012
10/12
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KNTV
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eye 152
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some can be repealed if we if when fall, fiscal cliff. no moves are permanent. but they're undeniable. they did occur. and if you sold these stocks for fear of something that might or might not happen in 2013, you've been snookered, especially when you consider you could have picked up the capital appreciation and the dividends rather than the measly 0.5% return that certificates of deposit gave you if you were sitting on the sidelines, which brings me to the real sideshow that has hurt so many people. the obsession everyone seems to have with tech stocks as an area of innovation and excitement when you aren't getting either from this cohort. we sit here every day and chatter about what is happening with software and hardware on the internet. as if it's the heart and soul of innovation. is it? there is more innovation in the oil field patch. what is new in tech since the ipad two years ago? some revolutionary way to listen to the radio? by the way, i don't heart radio. how about a camera that takes a better picture? how about a better or maybe worse map system?
some can be repealed if we if when fall, fiscal cliff. no moves are permanent. but they're undeniable. they did occur. and if you sold these stocks for fear of something that might or might not happen in 2013, you've been snookered, especially when you consider you could have picked up the capital appreciation and the dividends rather than the measly 0.5% return that certificates of deposit gave you if you were sitting on the sidelines, which brings me to the real sideshow that has hurt so many...
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Dec 6, 2012
12/12
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KTVU
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but investors' biggest concern remains the fiscal cliff. taking a live look at big board -- >>> the number of people seeking unemployment benefits fell sharply last week. according to the u.s. labor department, 370,000 people filed claims. that's down 25,000 from the previous workweek -- week. analysts say the drop is a sign that nearly the effects of superstorm sandy has faded. and this comes as the government releases the closely- watched survey for november. >>> apple will produce one of its existing lines of mcintosh computers next year. tim cook, the ceo, did not say which line or where in the house -- where in the u.s., the computers will be assembled. many are made in china. in the 1980s, they were made in fremont. in 1990, the production moved to elk grove in sacramento county. >>> lawyers for apple and samsung are scheduled to be back in federal court in san jose today. samsung wants the judge to throw out a billion-dollar judgment against it for infridgement and wants the judge to add $5 million of the award and -- apple wants the
but investors' biggest concern remains the fiscal cliff. taking a live look at big board -- >>> the number of people seeking unemployment benefits fell sharply last week. according to the u.s. labor department, 370,000 people filed claims. that's down 25,000 from the previous workweek -- week. analysts say the drop is a sign that nearly the effects of superstorm sandy has faded. and this comes as the government releases the closely- watched survey for november. >>> apple will...
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. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do thought go up that would hurt our economy badly. we can get that done. >> president obama called for immediate action, but there was that vote in the senate tonight. >> we are going to come in at 11:00 a.m. tomorrow morning, and we will have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible s
. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences,...
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coverage of the fiscal cliff. treasure secretary bluntly reject today. >> they cost $1 trillion over 10 years and no possibility that we are twoing to find going to get it without it going back up. >> seven weeks between election day and the end of the year. and three of those weeks have been wasted. >> the house speaker want on to say he was flabbergasted by the plan. they say tell take another week for serious negotiations to begin. >>> the supreme court may announce tomorrow if it will review california's prop 8 case over same sex marriage. the justices met behind chosed doors on friday but took no action on prop 8 or other casees. if the court declines to review prop 8 it will be immediately legal for same sex couples to marry in california f. it takes it up for review a final decision can change it up in every state. >> lawmakers in sacramento begin a new section with promises not to raise taxes. democrats won a majority in both houses in the election. it allows them to raise taxes with little concern of repu
coverage of the fiscal cliff. treasure secretary bluntly reject today. >> they cost $1 trillion over 10 years and no possibility that we are twoing to find going to get it without it going back up. >> seven weeks between election day and the end of the year. and three of those weeks have been wasted. >> the house speaker want on to say he was flabbergasted by the plan. they say tell take another week for serious negotiations to begin. >>> the supreme court may...
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thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern california, into portland and seattle. this is the fourth big rainmaker to hit that area in a week. and this time, it could dump up to five inches of rain and cause even more flooding and destruction. abc's brandi hitt has the latest. >> reporter: after several days of drenching rain, downed trees, flooding and rockslides, families throughout the west are finally getting a break in the severe weather to clean up. three storms have slammed through the region in less than a week, dumping up to a foot of rain in some areas. washing out entire roads. and even creating this 20-foot sinkhole in lafayette, california. the other big
thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern...
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cliff negotiations on capitol hill. >>> speaking of that fiscal cliff, both democrats and republicans right now still battling to try and find a compromise. top white house negotiate easy heading to capitol hill today to keep those talks going, trying to avoid that looming deadline. tracie potts has the latest on the fight to keep your tax breaks from vanishing. >> reporter: treasury secretary tim geithner and rob nabors bring the president's deficit-cutting plan to capitol hill today. >> i'm open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know if it includes the government spending less money. >> we put revenue on the table as long as it's accompanied by serious cuts. >> reporter: white house leaders are meeting with boehner and top republicans. at least one analyst thinks there could be a deal here. >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> i'm hopeful but don't put me down anywhere near optimistic. >> reporter: one conservative repub
cliff negotiations on capitol hill. >>> speaking of that fiscal cliff, both democrats and republicans right now still battling to try and find a compromise. top white house negotiate easy heading to capitol hill today to keep those talks going, trying to avoid that looming deadline. tracie potts has the latest on the fight to keep your tax breaks from vanishing. >> reporter: treasury secretary tim geithner and rob nabors bring the president's deficit-cutting plan to capitol hill...
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Sep 27, 2012
09/12
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the fiscal cliff, you should call it the fiscal wall. we still haven't dipped below 8% unemployment. remarkable when you consider how long it's been since the actual economic crash. we have a federal reserve that's so exasperated with its inability to get the economy moving, it's taken the unprecedented position saying it's going to stay acome date. aka, print money. we still are one more unthinkable, a slowing chinese economy. the great growth engine -- the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the dark recession. what's happened? stock market never quit, never stopped climbing. it's had a remarkable run with every sector leading the charge at one time or another. before i get into the big remonstrations for the evening. i have gotten the big picture right. the europe, the slowdown of china and the perma low growth, the united states. some income producers, growth names and stocks with solid dividend boosts and, of course, some gold. these have been the corre
the fiscal cliff, you should call it the fiscal wall. we still haven't dipped below 8% unemployment. remarkable when you consider how long it's been since the actual economic crash. we have a federal reserve that's so exasperated with its inability to get the economy moving, it's taken the unprecedented position saying it's going to stay acome date. aka, print money. we still are one more unthinkable, a slowing chinese economy. the great growth engine -- the great engine of growth that has...
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and still no deal to keep the country from falling off the fiscal cliff.. with the deadline just 4- days away. the president and congressional leaders met at the white house for more talks. stacey cohan has the latest. >> president obama is saying that he is out of patience and he is urging congress to do its job. i >> what ever we come up with, it is not going to be perfect and did not everybody is going to like it. >> house speaker john peter does not want to bring anything to congress until it is passed by the house. those tax cuts are expected to expire house speaker john boehner does not want to bring anything until it is passed by the house. >> these everyday workers are going to be paying the price for all of not being able to get anything done. >> catherine: after a break in the rain.yet another round is this is a live look at conditions in san on van ness avenue. i'm in the weather center with jacqueline - who has been tracking this latest >> jacqueline: it has been a bit deceiving. but we are finally seeing rain hit the coast. half moon bay in the
and still no deal to keep the country from falling off the fiscal cliff.. with the deadline just 4- days away. the president and congressional leaders met at the white house for more talks. stacey cohan has the latest. >> president obama is saying that he is out of patience and he is urging congress to do its job. i >> what ever we come up with, it is not going to be perfect and did not everybody is going to like it. >> house speaker john peter does not want to bring anything...
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we have problems, looming fiscal cliffs, slowing in china and europe. it doesn't seem to be stopping well run companies from posting spectacular results. take snap-on, maker of premium hand tools and power tools. gets the majority of sales from auto repair shops and dealerships. they have been selling into agriculture, construction, aerospace, mining and power generation. they have a read on how business is doing around the country and now around the world. this morning snap-on, one of our favorites since i interviewed the ceo knocked it out of the park. 5.1% organic growth in the commercial industrials. 10% organic growth in tools. they have been around forever. management acknowledged the uncertain global micro economic environment but didn't let it prevent them from posting stellar numbers. these guys are getting busy living for certain. no wonder the stock soared $5.90 or 9.6% today launching to a new high. let's check in with the ceo of snap-on to find out more about the quarter and what's ahead for one of my absolute favorite companies. welcome to
we have problems, looming fiscal cliffs, slowing in china and europe. it doesn't seem to be stopping well run companies from posting spectacular results. take snap-on, maker of premium hand tools and power tools. gets the majority of sales from auto repair shops and dealerships. they have been selling into agriculture, construction, aerospace, mining and power generation. they have a read on how business is doing around the country and now around the world. this morning snap-on, one of our...
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president obama is are urging congress to move on the fiscal cliff. this is set to start january 1, 2013. they look for ways to reduce the federal deficit and try to strengthen the economy. >>we should not hold the middle class hostage. let's do our work and keep the taxes low for the middle class as what we agreed door. wish to get this done soon. >>i sat down with congress to see how we can reduce the deficit and protect the middle class. if the meeting was constructive but everyone agreed that we have to come together and find solutions and take action as soon as possible. >> this is not an option. we need to address this issue. social security has been taken seriously. >>investigators are investigating the train crash that was going below 70 mi. per hour. it crashed into a trailer and it was carrying wounded veterans. for veterans were killed and 16 people were injured. the train the emergency brakes were used but is not sure how close it was when the crash occurred. >>coast guards searching for people on the gulf of mexico. it happened while work
president obama is are urging congress to move on the fiscal cliff. this is set to start january 1, 2013. they look for ways to reduce the federal deficit and try to strengthen the economy. >>we should not hold the middle class hostage. let's do our work and keep the taxes low for the middle class as what we agreed door. wish to get this done soon. >>i sat down with congress to see how we can reduce the deficit and protect the middle class. if the meeting was constructive but...
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cliff we are in the final hours from keeping lawmakers from going over that so- called fiscal cliff. >> economist there that the combination of automatic spending cuts and tax increases could trigger a new recession. >> and spencer explains how negotiations today must now overcome a " major setback. >> there will be part of it that i find disgusting rest principle which i may have to swallow in the name of compromise. be a rare session on capitol hill. >> the senate will come to order. >> as lawmakers try to avoid the so-called fiscal cliff. >> both sides agreed to push forward. >> i want everyone to know i am willing to go the distance. but i need a dance partner. >> vice-president joe biden departure for mcconnell. >> if is not resolved by midnight tonight tax increases will be for all americans. >> one mom said to me in michigan that is four months' worth of groceries. >> that is gas for me back and forth to work. >> democrats won higher taxes on americans earning more than two of the $50,000 a year. >> republicans want taxes to stay where they are. >> others want to see governmen
cliff we are in the final hours from keeping lawmakers from going over that so- called fiscal cliff. >> economist there that the combination of automatic spending cuts and tax increases could trigger a new recession. >> and spencer explains how negotiations today must now overcome a " major setback. >> there will be part of it that i find disgusting rest principle which i may have to swallow in the name of compromise. be a rare session on capitol hill. >> the senate...
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Nov 28, 2012
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. >>> the looming fiscal cliff is one reason you may want to take that lump sum. if no deal is reached, and taxes go up, most financial advisers say that could cost the winner millions. >>> and with that fiscal cliff ahead, president obama is mounting a full-court press, making his case for higher taxes on wealthier americans, even as critics accuse him of being back in campaign mode. he'll meet today with mittle-class meshes who taxes will go up if there's no deal by the end of the year. and he talked to high-powered ceos about cutting the nation's deficit. >>> susan rice, who is the front-runner to be the next secretary of state, is back to capitol hill for more meetings with some of her harshest critics. the topic this time, her comments after the attack on the consulate in libya on september 11th. tahman bradley has the latest from washington. >> reporter: u.n. ambassador susan rice faces more tough diplomacy on capitol hill. rice is the leading candidate for secretary of state in president obama's second term. but prominent gop lawmakers are trying to stop he
. >>> the looming fiscal cliff is one reason you may want to take that lump sum. if no deal is reached, and taxes go up, most financial advisers say that could cost the winner millions. >>> and with that fiscal cliff ahead, president obama is mounting a full-court press, making his case for higher taxes on wealthier americans, even as critics accuse him of being back in campaign mode. he'll meet today with mittle-class meshes who taxes will go up if there's no deal by the end...
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cliff negotiations.. and stressed that taxes on the middle class should not go up.. he also commended the leadership shown by governors in the northeast during superstorm sandy. the president however, couldn't escape the firestorm of criticsim over embattled u-s u-n ambassador susan rice. he showed his support when answering a reporters question. >> susan rice is extraordinary. couldn't be prouder of the (applause) >>pam: rice is considered a top candidate to replace secretary of state hillary clinton... but she has been accused by republicans of misleading americans about what prompted the deadly september 11th attack on the u-s consulate in libya. this wild scene broke out in a milwaukee courthouse today.. after a driver was sentenced to prison for hitting and killing a boy. 23-year-old dedrick ashford received a year behind bars and one year probation for the fatal crash. the victim's family members became upset after the sentence came down.. and started brawling with ashford's relatives. as many as tw
cliff negotiations.. and stressed that taxes on the middle class should not go up.. he also commended the leadership shown by governors in the northeast during superstorm sandy. the president however, couldn't escape the firestorm of criticsim over embattled u-s u-n ambassador susan rice. he showed his support when answering a reporters question. >> susan rice is extraordinary. couldn't be prouder of the (applause) >>pam: rice is considered a top candidate to replace secretary of...
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the whole fiscal cliff is forcing them to do something. the president has said that tax rates will go up for the wealthy. republicans won't bend on that yesterday, john boehner said, we are at a stalemate. this is posturing. this is washington. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> you, too. >>> now, to the star college basketball players accused of abusing their position as big men on campus. they're facing burglary charges for allegedly stealing thousands of dollars of stuff from their fellow students. and abc's john muller is covering the story. john? >> reporter: good morning, dan. hofstra students say iphones, computers and cash has been disappearing from their dormrooms all semester. one used an app to find their iphone. now, four players from the division i basketball team are under arrest. faces, covered in shame. hiding tears as they leave a long island courthouse. another man, pushing and even taking swings at a cameraman as he storms out of court
the whole fiscal cliff is forcing them to do something. the president has said that tax rates will go up for the wealthy. republicans won't bend on that yesterday, john boehner said, we are at a stalemate. this is posturing. this is washington. we're going to have ups and downs. >> ups and downs in the stock market, as well. david, thanks. have a great weekend. >> you, too. >>> now, to the star college basketball players accused of abusing their position as big men on...
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little progress on the "fiscal cliff" talks in washington... translated to zero gains on wall street today. the dow closed the day down 89-points.. taking a sharp drop during afternoon trading after senate majority leader harry reid expressed frustration about the negotiations. both the nasdaq and s- and-p 500 also posted losses. a day after announcing they had lost wide receiver kyle williams for the year with a torn acl, the 49ers have also lost frank gore's backup kendall hunter with an ankle injury. (male announcer): now, here's stanley roberts who found people behaving badly. blog. this is not difficult to find these collection bins. they would believe that your donating things for charity. >> how are you are donating because that is what is on the box. and yes, they will word is used words like to donate but it says for profit. and the interesting thing is that they do not even know how they got here. this one and safeway has been here for a while. these are right outside of a rite aid have been out for four years. and this out of an auto
little progress on the "fiscal cliff" talks in washington... translated to zero gains on wall street today. the dow closed the day down 89-points.. taking a sharp drop during afternoon trading after senate majority leader harry reid expressed frustration about the negotiations. both the nasdaq and s- and-p 500 also posted losses. a day after announcing they had lost wide receiver kyle williams for the year with a torn acl, the 49ers have also lost frank gore's backup kendall hunter...
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cliff. that's take a look at the numbers. the dow jones ended 1/4 point lower at 12,815. the s&p 500 was up and the nasdaq lost less than a point. j.c. penney stock fell 13% today. it got rid of its hundreds of coupons in sales earlier this year and last week the company reported its third consecutive quarter of big losses and a sales declines. also, the land of twinkies, hostess brands is permanently closing three bakeries following a nationwide strike by its bakers' union putting more than 600 people out of work. it has prevented it from producing and delivering products. >> coming up the latest on alex smith and gary is next with sports. [ male announcer ] steak combos. featured now at sizzler. tri tip sirloin with fried shrimp, malibu chicken, or grilled shrimp. starting at just $9.99. sizzler. (male announcer): now, here's stanley roberts who found people behaving badly. >> this man is on his cell phone while driving. i am watching and along with the chp. >> go ahead and call it over. >
cliff. that's take a look at the numbers. the dow jones ended 1/4 point lower at 12,815. the s&p 500 was up and the nasdaq lost less than a point. j.c. penney stock fell 13% today. it got rid of its hundreds of coupons in sales earlier this year and last week the company reported its third consecutive quarter of big losses and a sales declines. also, the land of twinkies, hostess brands is permanently closing three bakeries following a nationwide strike by its bakers' union putting more...
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lawmakers left washington for the holiday and markets rallied on hopes of compromise and the fiscal cliff negotiations. the dow and the s&p had their best days in two months while the nasdaq saw its biggest gain since late july. >>> apple led the run-up adding a whopping 7%. google was a close number two climbing nearly 6%. traders even shrugged off news that moody's stripped france of its aaa credit rating. >>> elsewhere hostess and its second largest union have agreed to try to resolve their differences in mediation. >>> federal labor officials say they will decide quickly whether to support walmart's request to stop a union-backed group from encouraging a labor strike on black friday. >>> meanwhile, teens shopping at minnesota's mall of america will need to be accompanied by an adult on thanksgiving night, black friday and the week between christmas and new year's. a mele at the mega mall on december 26th last year led to numerous arrests. >>> a new online survey finds nearly one in five will celebrate thanksgiving with fellow employees in or out of the workplace. >>> according to new
lawmakers left washington for the holiday and markets rallied on hopes of compromise and the fiscal cliff negotiations. the dow and the s&p had their best days in two months while the nasdaq saw its biggest gain since late july. >>> apple led the run-up adding a whopping 7%. google was a close number two climbing nearly 6%. traders even shrugged off news that moody's stripped france of its aaa credit rating. >>> elsewhere hostess and its second largest union have agreed to...
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fiscal cliff talks will resume this morning in washington. when will have a live look from the senate floor. also inside the office of one of the richest man is on the planet. warren buffett. those stories and much more when the kron4 morning news continues. >> >> compared to yesterday that the nasty weather would not be the case today. high- pressure is in control and we will continue to see the sunshine and dry weather. not only this afternoon but clear conditions will continue into the evening hours. satellite and radar pictures look like mainly active whether it has shifted too our east. we are dry for now but we have changes to talk about as another storm is headed in our direction. i will break down full details and walk you through future cast four and my next report. >> it continues to be a pretty good ride even though we had a few minor incidents on the peninsula. they have cleared up now and the bay bridge ride and has a light traffic and no meat during lights. the quick check commute shows we're dealing with much much lighter than
fiscal cliff talks will resume this morning in washington. when will have a live look from the senate floor. also inside the office of one of the richest man is on the planet. warren buffett. those stories and much more when the kron4 morning news continues. >> >> compared to yesterday that the nasty weather would not be the case today. high- pressure is in control and we will continue to see the sunshine and dry weather. not only this afternoon but clear conditions will continue...
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and there are more signs of slow progress being made to avoid that fiscal cliff. president obama and house speaker john boehner met at the white house for less than an hour yesterday. both sides said they had a, quote, frank discussion. and the lines of communication remain open. americans will be hit with automatic tax hikes and budget cuts unless a deal is reached by january 1st. >>> and state governments must decide by today if they will run their own insurance exchanges under the new health care law. those exchanges will serve millions of uninsured americans in under a year, 2014. 19 states have decided to establish insurance. 17 states, as well as the district of columbia, have said they will enroll in the federal program. eight states want a partnership with the fed. six states have made no decision and have until today to do so. >>> a shopping mall that became the scene of a deadly shooting spree is set to reopen in oregon this morning. two people were killed when 22-year-old jacob roberts opened fire in the food court of the clackamas town center on tuesda
and there are more signs of slow progress being made to avoid that fiscal cliff. president obama and house speaker john boehner met at the white house for less than an hour yesterday. both sides said they had a, quote, frank discussion. and the lines of communication remain open. americans will be hit with automatic tax hikes and budget cuts unless a deal is reached by january 1st. >>> and state governments must decide by today if they will run their own insurance exchanges under the...
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cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put together this deal, bring it to the senate tomorrow. then, the house comes back in session tomorrow night. they can vote on any deal passed by the senate. but bianna, no one is holding their breath here in washington. >> no one is, indeed. >>> for more on the big white house meeting, we want to bring in john avlon, political columnist at "the daily beast." a busy man covering all of this. how do you see this playing out? >> we're three days out. nothing focuses than the prospect of being hanged. today, bianna, is the key day. saturday, today, the senators are mee
cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put...
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Nov 19, 2012
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talks start on how to avoid the fiscal cliff, as mitt romney draws fire from fellow republicans by accusing the president of doling out, quote, gifts to minority groups in exchange for their vote. what's the fallout and the future of the gop? with us, tea-party backed congressman raul labrador, tom friedman, former white house chief of staff for bill clinton john podesta, republican strategist mike murphy, and nbc news chief foreign affairs correspondent andrea mitchell.
talks start on how to avoid the fiscal cliff, as mitt romney draws fire from fellow republicans by accusing the president of doling out, quote, gifts to minority groups in exchange for their vote. what's the fallout and the future of the gop? with us, tea-party backed congressman raul labrador, tom friedman, former white house chief of staff for bill clinton john podesta, republican strategist mike murphy, and nbc news chief foreign affairs correspondent andrea mitchell.
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number one is the fiscal cliff. lawmakers saw it coming but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u- s economy would be right now? >> jacqueline: often tends already 40's in vallejo, daly city 45 in pleasanton. get ready for a chilly night tonight but tomorrow the increased cloud coverage. we are seeing some high clouds with the extent of that high cloud coverage will determine how cold temperatures are going to get overnight. cold, with those of clear skies. if those clouds moved in, it could warm-up with a well- defined system cool front pressing towards the coast. it will ride by tomorrow. the futurecast by 8:00 a.m. increase with clouds. it will move in by 2:00 a.m. in the north bay. however, here comes the cool front. moderate over santa rosa, and started to press to the san mateo coast by eight. this will be a quick moving system. heavy rainfall through napa and the midnight will press it south to the g
number one is the fiscal cliff. lawmakers saw it coming but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u- s economy would be right now? >> jacqueline: often tends already 40's in vallejo, daly city 45 in pleasanton. get ready for a chilly night tonight but tomorrow the increased cloud coverage. we are seeing some high clouds with the extent of that high cloud coverage will determine how...
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>>pam: president obama is taking his fight over the fiscal cliff to the public... and he sounds like he is back on the campaign trail.. and once again - he and house speaker john boehner... do 'not' sound close to a deal. heenan explains. >> president obama took his case on the road.... visiting a toy factory in pennsylvania... where he told an audience that failing to extend tax cuts for the middle class would mean a 'scrooge christmas' for millions.. >> if congress does nothing, the taxes will go up for every family. on january 1st. i am assuming that is not a sound too good to you. >> we now know that when the treasury secretary presented the latest white proposal on avoiding the fiscal cliff to house speaker john boehner thursday --house speaker john boehner says that the idea of boosting revenue by 1.6 trillion over the next decade would be a 'crippling blow' to the economy. >> ".we're at a stalemate.. .let's face it...." >> "vhope that's a figure of speech. shouldn't be talking about a stalemate." we should not even think of that term of a stalemate. >>cather
>>pam: president obama is taking his fight over the fiscal cliff to the public... and he sounds like he is back on the campaign trail.. and once again - he and house speaker john boehner... do 'not' sound close to a deal. heenan explains. >> president obama took his case on the road.... visiting a toy factory in pennsylvania... where he told an audience that failing to extend tax cuts for the middle class would mean a 'scrooge christmas' for millions.. >> if congress does...
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>> wait for it. >>> but first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect everyone, including the unemployed, as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensa
>> wait for it. >>> but first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect...
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Nov 20, 2012
11/12
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there's optimism the government will avoid that fiscal cliff at the end of the calendar year. there were also good earnings reports and housing data yesterday. >>> and another big story this week, don't write off twinkies just yet. the company that makes them, hostess brands, and its second-largest union will meet in private mediation today. now, if no agreement is reached, the liquidation hearing will resume tomorrow. but the ceo of hostess admits there's a lot of pressure to come up with some kind of solution to put twinkies back on store shelves. breathe easier, america. >> i would never write off twinkies. >>> well, there's good news if you're one of the millions hitting the road this weekend. gas prices are coming down. the average is two cents lower than about a week ago. although, it is still about a nickel higher than it was this time last year. it's much better than earlier in the fall. it comes just in time for this busy weekend. >>> federal labor officials are promising a quick decision for walmart. the retailer wants a union group blocked from staging protests at i
there's optimism the government will avoid that fiscal cliff at the end of the calendar year. there were also good earnings reports and housing data yesterday. >>> and another big story this week, don't write off twinkies just yet. the company that makes them, hostess brands, and its second-largest union will meet in private mediation today. now, if no agreement is reached, the liquidation hearing will resume tomorrow. but the ceo of hostess admits there's a lot of pressure to come up...
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Dec 31, 2012
12/12
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as lawmakers work on avoiding the so- called fiscal cliff. they have hit a " major setback " according to a democratic source on social security. >> i am letting everyone know i'm willing to get this done but i need a dance partner. >> vice-president joe biden is apparently that person very top level sources say there are over talks. if nothing is resolved by midnight tonight, all taxes for all americans will increase. that will average $2,000 for the average family. >> one michigan woman told me that was four months' worth of groceries. that is a lot of money. >> taxes for families earning higher than $250,000 or over, republicans want taxes to stay where they are. others want to see government spending put in check. >> the president has done nothing about the addiction and his administration has in spending. he is the center in chief. >> president obama says i offered over a trillion dollars and additional spending cuts. so we would have to dollars of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. a
as lawmakers work on avoiding the so- called fiscal cliff. they have hit a " major setback " according to a democratic source on social security. >> i am letting everyone know i'm willing to get this done but i need a dance partner. >> vice-president joe biden is apparently that person very top level sources say there are over talks. if nothing is resolved by midnight tonight, all taxes for all americans will increase. that will average $2,000 for the average family....
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Sep 7, 2012
09/12
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i'm sure post election, when we get into the debt crisis -- >> you mentioned fiscal cliff in the conference call. that bothered me. i'm hoping we skate through it. am i too optimistic. it's not a problem that's insurmountable for the country to address. i feel it just takes political will to address it in an appropriate compromising way that's become a bad word in washington -- compromise. i think we need statesmen to step up, do what's right and the economy will grow in a terrific way going forward. >> tell people what percentage of when i go to a macy's how big you are in shirts and can you get bigger or will you run into what i regard as being a monopoly situation for dress shirts? >> i don't believe it is a monopoly. on most department store floors we'll represent in the dress shirt neckwear area 50 to 75%. >> first mention was 45, 50%. >> yes. >> you have taken it up. with what brands? >> this tommy brand has more than doubled in volume just in dress shirts. calvin klein continues to grow significant uh will you. we have the three largest dress shirt brands in the united states. van he
i'm sure post election, when we get into the debt crisis -- >> you mentioned fiscal cliff in the conference call. that bothered me. i'm hoping we skate through it. am i too optimistic. it's not a problem that's insurmountable for the country to address. i feel it just takes political will to address it in an appropriate compromising way that's become a bad word in washington -- compromise. i think we need statesmen to step up, do what's right and the economy will grow in a terrific way...
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Nov 17, 2012
11/12
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that doesn't mean we have a deal at hand to end the so-called fiscal cliff. it is big. and it affects every one of us. >> we have some urgent business to do. >> reporter: after that big white house meeting, did it feel like someone took their foot off the gas pedal as we head toward a steep cliff? >> we had a constructive meeting with the president. >> it was a constructive meeting. >> reporter: sounds like some progress. and we need some because this is what happens january 1st if the president and congress don't make a deal. first, those so-called bush tax cuts will expire. which in essence means, a tax increase for every taxpayer. oh, and that 2% cut in the payroll taxes we've had to pay for the past two year, will also go away. and the number of small tax cuts for businesses and individuals, disappear. as well as unemployment benefits for the long-term unemployed. now, if that wasn't enough, there's that poison pill, too. mandatory cuts. $55 billion at the pentagon. another $55 billion in domestic programs. everything from the education department to the parks servi
that doesn't mean we have a deal at hand to end the so-called fiscal cliff. it is big. and it affects every one of us. >> we have some urgent business to do. >> reporter: after that big white house meeting, did it feel like someone took their foot off the gas pedal as we head toward a steep cliff? >> we had a constructive meeting with the president. >> it was a constructive meeting. >> reporter: sounds like some progress. and we need some because this is what...
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fiscal cliff negotiations are now in the hands of just two people. president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence floated. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. now, working for the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is easy. >> the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. >> reporter: not really. even though the two sides are talking, they aren't making much progress. remember that phone call between the president and the speaker a couple days ago? >> the phone call was pleasan
fiscal cliff negotiations are now in the hands of just two people. president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence floated. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if...
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Nov 12, 2012
11/12
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but it could push the country offer the fiscal cliff, the 1st of january. that's when the number of tax cuts expired dubbed taxmageddon. and severe cuts that defense spending would be triggered. the sticking point on avoiding that cliff -- taxes. the president campaigned on and won on letting tax cuts for the rich expire. a leading republican said no. >> no republican is going to vote for higher tax rates. we will generate revenue from eliminating deductions from loopholes. >> reporter: if that sounds like the argument we heard before, you're right. that rates for the rich rise. are we headed for that cliff? >> so if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire and we'll start over next year. >> on friday, congressional leaders come here to the white house to start negotiations in earnest. david kerley, abc news, the white house. >>> two weeks after superstorm sandy dealt its devastating blow, 120,000 homes and businesses in new york and jersey are facing yet another day without power.
but it could push the country offer the fiscal cliff, the 1st of january. that's when the number of tax cuts expired dubbed taxmageddon. and severe cuts that defense spending would be triggered. the sticking point on avoiding that cliff -- taxes. the president campaigned on and won on letting tax cuts for the rich expire. a leading republican said no. >> no republican is going to vote for higher tax rates. we will generate revenue from eliminating deductions from loopholes. >>...
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Nov 10, 2012
11/12
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KGO
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that may not be enough to keep us from going over that fiscal cliff. but that fall may be enough to force political leaders to finally do something. >> if we do nail this down, reasonably so, i think the economy's off and running. so, we're just one piece of legislation away from a much stronger economy. >> reporter: but getting that one piece of legislation may prove very difficult. the president said the voters picked his path. and the house speaker, rightly points out that americans did return the republican house. divided government. the question, bianna, can they unite to avoid this fiscal cliff? >> that is the big question. david, thank you. >>> and now, to the very angry and frustrated victims of hurricane sandy. hundreds of thousands still without power and demanding answers, some 12 days after the devastating storm hit. as the long lines show, getting gas is still a big problem around parts of new york, as well. but what's not a problem is getting a special delivery in the mail, power bills. abc's john schriffen has the latest from hicksville,
that may not be enough to keep us from going over that fiscal cliff. but that fall may be enough to force political leaders to finally do something. >> if we do nail this down, reasonably so, i think the economy's off and running. so, we're just one piece of legislation away from a much stronger economy. >> reporter: but getting that one piece of legislation may prove very difficult. the president said the voters picked his path. and the house speaker, rightly points out that...